Practice Meets Purpose | Neighborhood House Association’s Ribbon Cutting Ceremony
We are committed to supporting our community, and we were eager to assist in helping to grow an organization
Neighborhood House Association (NHA) has a new Central Kitchen! As NHA’s commercial real estate advisor, it was an honor to attend its recent Ribbon Cutting Ceremony.
NHA is a non-profit organization that provides an array of services to improve the quality of life for under-served individuals and families in need. At McKinney Capital & Advisory, we are committed to supporting our community, and we were eager to assist in helping to grow an organization with such a strong purpose.
We started our advisory relationship with NHA a year and a half before their lease was due to expire. Our team toured all of their existing facilities, and we were challenged to find NHA the perfect new space for their central kitchen. For months, it seemed like this perfect space failed to exist. As this was a complex custom build-out of a kitchen, NHA had specific space requirements, such as ample yard space. As a federally funded program serving food for children and seniors, NHA had to find a space that would meet several government regulations and requirements. As a result of their lease expiration date rapidly approaching, we were left no choice but to extend NHA’s existing lease. To make things extra convoluted, once we found the perfect space, the space needed several tenant improvements that entered the lease negotiation process on our end. Finally, it all came together, and we were able to save NHA approximately 27% over a 15-year lease term.
Attending NHA’s Ribbon Cutting Ceremony allowed me to see NHA’s dream for its Central Kitchen become a reality. As always with our clients, our working relationship did not end once their lease was signed. Our team will continue to perform amortization of their TI allowances on an ongoing basis, and make sure their payments are handled correctly. We always follow up with our clients to make sure they are always taken care of in their commercial real estate needs during their lease term. My experience working alongside NHA is a direct result of McKinney’s philosophy—by working with like-minded individuals, we find that the charitable giving of time, talent and treasure are not mutually exclusive, but intertwined.
Julie Dunlap, Executive Vice President of Corporate Services, brings 17+ years of experience in commercial real estate brokerage, investment, management, and consulting. Email Julie today at email@example.com, or call 858.519.3247